Disney is leaving Netflix and starting its own streaming service
All Star Wars and Marvel movies will be gone from Netflix by the end of next year.
Netflix is set to lose one of its biggest partners, with Disney announcing today in its financial earnings report for Q3 2017 that the company will be pulling its movies off the streaming service and launching its own direct-to-consumer video service.
As reported by CNBC, Disney and Pixar movies will remain on Netflix until the end of 2018, at which point they will be removed and re-released on Disney's service when it launches in 2019. Fortunately, Netflix's original Marvel shows like Daredevil and Jessica Jones will not be affected by this transition.
To deliver upcoming movies like Toy Story 4 and Frozen 2 directly to consumers, Disney has purchased a majority stake in digital media company BAMtech. In response to the acquisition, Disney chairman and CEO Robert Iger stated that "The media landscape is increasingly defined by direct relationships between content creators and consumers, and our control of BAMTech’s full array of innovative technology will give us the power to forge those connections, along with the flexibility to quickly adapt to shifts in the market."